TRADERS ON THE MOVE: Stephens Bags Bunch from Lazard Capital Markets

Stephens Inc. hired seven sales traders and two position traders from Lazard Capital Markets, including Michael Conte as head of sales trading. All of the traders will work in Stephens New York office. Stephens is based in Little Rock, Ark. Conte spent the past five years at Lazard. Before that, he spent about eight years at Cowen & Co. Other sales traders include Matt Delia, Bill Burchfield, and Marylou Panza, at the managing director level; George Boudria and Michael Sheehan as senior vice presidents; and Jeffrey Castellano as vice president. The two position traders are managing directors Jimmy Law and Anthony Pignio.


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FBR Capital Market recently hired a group of traders from Lazard Capital Markets. On the sales trading side, it brought on six traders including Peter Cairney, Chris Mitrano, Trey Laird, David Jones, and William Cantor. All previously worked as sales traders at Lazard Capital Markets for four to six years. Cairney, Mitrano, Laird and Jones are based in New York. Cantor is based in Boston. FBR also hired three position traders, including Jason Lanzetta, who spent four years at Lazard Capital Markets.

Steven Lachenauer joined Cannacord Genuity as a sales trader in the Canadian brokers New York office. Lachenauer previously spent about eight years as a sales trader at Lazard Capital Markets. Before that, he spent about four years at Lazard Freres & Co.

Chris Sexton joined Cantor Fitzgerald & Co. as a sales trader in the firms new Denver office. Sexton, a 20-year trading industry veteran, spent about five months this year as a financial advisor in Merrill Lynchs Greenwood Village, Colorado, branch. Before that, he spent nine years at research boutique Wedge Partners, in Greenwood Village, as a sales trader.

Tara Horton joined investment adviser Delta Asset Management in Memphis in client relations, portfolio management and trading. Horton previously spent 25 years as a Nasdaq market maker at Morgan Keegan & Company.